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Market Open: War Uncertainty Leaves Natural Gas Futures Struggling to Tread Water in Early Trading

Natural Gas Intelligence · last updated

Natural gas futures searched for direction to start Tuesday as market participants balanced Iran war risks against mild domestic weather and soft heating demand. After ticking up at points overnight, the April Nymex gas futures contract was down 5.5 cents to $3.065/MMBtu just ahead of 8:30 ET.

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At A Glance:

  • War raises global gas worries
  • Total Lower 48 supply healthy
  • Smaller storage draw expected